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Healthcare/Medical Simulation Market: Improving Healthcare Infrastructure And Demand Growth with Future Prospects 2023

The healthcare/medical simulation market can be categorized on the basis of product and services, and end-users.
Rahul Gautam | 09.07.2018
Healthcare/Medical Simulation Market © Rahul Gautam
The global healthcare/medical simulation market is growing significantly due to technological advancements and increasing demand for minimally invasive procedures. Massive unexplored healthcare/medical simulation market in emerging economies and lack of service providers are creating ample opportunities for the global healthcare/medical simulation market to grow at a considerable rate in the coming years.

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The healthcare/medical simulation market can be categorized on the basis of product and services, and end-users. Based on product and services, healthcare/medical simulation market can be categorized as simulation software, simulation training services, web-based simulation, and mannequin-based simulation. Simulation software segment includes performance recording software and virtual tutors. The simulation training services segment includes custom consulting services, vendor-based training, and educational societies.

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Some of the factors driving the growth of the global healthcare/medical simulation market are increasing focus on reducing medical errors, regulatory guidelines on patient safety, increasing demand on minimally invasive procedures, technological advancements, and increasing healthcare expenditure. However, lack of sufficient data for healthcare simulation and high cost of medical simulators are some of the factors restraining the growth of the global healthcare/medical simulation market to some extent.

Geographically, North America will be leading the global healthcare/medical simulation market in the coming years, due to technological advancements, high healthcare expenditure, and presence of a large number of hospitals and academic institutions. In addition, Patient Safety and Quality Improvement Act in the U.S. is also driving its market in North America region.
Asia-Pacific is the fastest growing region in the global healthcare/medical simulation market. The major reasons for the fastest growth in the region are improving healthcare infrastructure and increasing demand for minimally invasive procedures.

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Some of the major players operating in the global healthcare/medical simulation market are Laerdal Medical As, 3D Systems, Inc., CAE, Inc., Kyoto Kagaku Co., Ltd., Limbs & Things, Ltd., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden Ab, and Mentice Ab.